Common- property fishing grounds are
A) often underexploited because non- excludability means there is little investment in the resource.
B) always efficiently exploited because fishermen now understand the dangers of over- fishing.
C) often overexploited because fishermen are concerned with preserving fish stocks for future fishermen.
D) often overexploited because fishing grounds are rivalrous and excludable.
E) often overexploited because individual fishermen have no incentive to leave fish for the "next" fisherman.
Correct Answer:
Verified
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